Why Strategic Implementations Fail and the Counterintuitive Way to Address It
What do you think is the biggest threat facing property/casualty insurers today?
Is it escalating claim volumes? Litigation? Higher ...
Strategy
Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best
AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today, the credit rating agency wrote that "it is too soon to cite AI ...
Zurich’s Farmers Seeks More Fee Income Via Broker Acquisitions
Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for $760 million. The deal also includes the ...
Buffett Watchers Tout Japan Insurers, Banks as Next Potential Value Targets
Warren Buffett's buying of Japanese trading firms helped propel the nation's stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets. Insurers ...
Insurers Prioritizing Profit Over Growth: Exec Survey
Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses. Forty-eight percent of ...
Bogged by Legacy Systems, Insurers Lose Competitive Edge
New research highlights the urgency for insurance companies to shift from complex, costly legacy systems burdened with outdated technology to modern systems to remain competitive in the current ...
Insurers Question Cloud Benefits
Nearly 40 percent of insurers remain unconvinced or dissatisfied with cloud computing, according to the results of a new survey, "Is Moving to Cloud Worth It?" by Celent, a research and advisory firm ...
InsurTech Root Says It Has No ‘Actionable’ Acquisition Bid
Root Inc. said Thursday that it does not currently have an actionable bid for its acquisition. Thursday's statement was issued following reports Root had received a bid from Embedded Insurance. The ...
Carrier Tech Investments Mean More Than Commissions: Agents Survey
Prioritizing technology investments to enhance the broker/agent experience and improve customer service offers insurance carriers competitive advantage, according to a new survey of U.S. agents and ...
How to Be Strategy-Focused: The Balanced Scorecard Explained
While a transformation is a daunting task for any carrier, American Modern used a tool known as Kaplan and Norton's Balanced Scorecard and Strategy to map out the way ...